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Data Management and Analysis
Here, you'll find links to the information and resources you need to make an informed Data Management and Analysis software selection:
From a business perspective, the role of data management and analysis is crucial. It is not only a resource for gathering new stores of static information; it is also a resource for acquiring knowledge and supporting the decisions companies need to make in all aspects of economic ventures, including mergers and acquisitions (M&As).
For organizational growth, all requirements and opportunities must be accurately communicated throughout the value chain. All users—from end users to data professionals—must have the most accurate data tools and systems in place to efficiently carry out their daily tasks. Data generation development, data quality, document and content management, and data security management are all examples of data-related functions that provide information in a logical and precise manner.
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Some of the specific data management challenges that most organizations face include
finding a way to communicate data throughout the value chain of the organization;
obtaining reliable data from within the system to make sound decisions;
leveraging data not only as an operational resource, but also as a business benefit;
ensuring consistency of data across the organization;
assuring data quality through proper integration of data elements;
maintaining high-level control over all data analysis, management, planning, and processes for business decision-making; and
controlling and implementing procedures for access control, security, and the ability to manipulate digital files, hard files, and other information.
Data needs to be managed correctly at every point, from source to target. Nowadays there are data management software tools that can support almost every facet of business processes, including product information management (PIM) systems, business intelligence (BI) and business performance management (BPM) systems, information security (IS) and enterprise content management (ECM) systems, and document management systems (DMSs).
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We can help you identify the right type of software to evaluate.
Enterprise Content Management (ECM)
Document Management System (DMS)
Business Performance Management
Business Intelligence (BI)
Benefits of Using Software Solutions for Data Management and Analysis
PIM systems contain master data definitions of all products offered by a company organization, which gives it a unique source of information for all company products.
BI and BPM functionality can give a company the necessary data architecture to perform analysis tasks and measure business performance. This helps decision makers and data experts to perform more accurate analysis and business performance measurements.
Financial performance, data mining, forecasting, corporate reporting, and executive dashboard tools, along with the appropriate key performance indicators (KPIs) can transform raw data into vital data assets for any company.
With ECM and IS applications, companies can plan, design, and implement strategies to manage and publish all electronic data sources, including text files, podcasts, images, and all other types of media content. ECM systems can control and manage access to electronic media files, while IS systems enable companies to ensure information privacy and prevent unauthorized access to confidential information.
DMS tools enable companies to store and manage their internal documents, and include functionality for storing, versioning, managing product documentation, controlling group access to specific documents, etc. An automatic document management application can be very useful for companies that need specific tools to manage important documentation and high-value content.
THE RISKS OF A FLAWED DATA MANAGEMENT AND ANALYSIS SOFTWARE SELECTION PROCESS
Organizations without PIM systems risk losing control of master product data definitions across the organization. In turn, this can result in complete loss of data consistency with respect to product definitions.
Without BI and BPM functionality, organizations cannot perform accurate data analysis tasks for measuring business performance, and will suffer from an absence of decision support tools to help managers make business decisions.
Organizations that do not have ECM and IS applications will be challenged in their ability to manage and publish corporate content, as well as manage information security. This could have a big impact for corporate image and communications, and represents a difficulty in managing internal data security.
Without a DMS, organizations may not be able to manage all internal digital and paper document tasks (storing, versioning, managing group and individual access). This could mean loss of control for the internal organizational documentation.
Why use the Data Management and Analysis Evaluation Center?
Determine which functional aspects of a Data Management and Analysis solution are priorities for your business.
Evaluate and understand the functionality that addresses Data Management and Analysis requirements.
Find the Data Management and Analysis solutions that are most likely to serve your business.
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